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USDA Provides Nearly $24M Boost for Beginning Farmers and Ranchers
U.S. Department of Agriculture (USDA) Chief Scientist Chavonda Jacobs-Young today announced a nearly $24 million investment across 45 organizations and institutions that teach and train beginning farmers and ranchers.
“Investing in the professional development of our nation’s newest farmers and ranchers will help our food and agriculture sectors to flourish from the ground up,” said Jacobs-Young, who is also USDA’s Under Secretary for Research, Education and Economics. “Strengthening and growing our next generation pipeline is vital to the continued success of American agriculture and prosperity of..."
Use of Robots and Artificial Intelligence in Greenhouse Horticulture
Robotics and AI are not panaceas for solving labor shortages or other product-related problems. But in the next decade, robots and crop support software will take over certain tasks in the high-tech greenhouse.
Report summaryGrowers will not produce more cheaply because of robotization and digitalization, but mostly differently. Managing larger, more international companies will become easier, management skills will change, and the cooperation with suppliers and customers will become closer. Pests can also be dealt with earlier, more sustainably or more precisely. The quality of the...
Cargill Launches Asia Pacific Digital Business Studio to Accelerate Food and Agriculture Innovation
Cargill’s first digital business studio in Asia expands the company’s innovation investments in the region
Cargill is partnering with the Singapore Economic Development Board (EDB) to launch its first digital business studio in Asia. The studio is designed to support local founders with investments that bring Cargill solutions to the market and accelerate innovation for the food and agriculture industry in Asia-Pacific.
Through this three-year partnership, Cargill will develop a portfolio of at least five new startups in Singapore. The startups will focus on pressing...
Walmart Announces Equity Investment in Sustainable Beef LLC
Walmart and Sustainable Beef LLC announced today that Walmart signed an agreement to acquire a minority stake in Sustainable Beef LLC, a rancher-owned company based in North Platte, Nebraska. Walmart’s equity investment is part of a broader strategic partnership to source top-quality angus beef from Sustainable Beef LLC’s new beef processing facility. This partnership helps supplement the current beef industry and provides additional opportunities for ranchers to increase their business. As part of the investment, Walmart will also have representation on Sustainable Beef’s board.
Walmart’s investment will help Sustainable Beef...
Tyson Foods Invests $200 Million in Amarillo Beef Plant
Facility upgrades to improve operational efficiencies and enhance team member experience
Tyson Foods announced the company will invest $200 million at its Amarillo, Texas beef plant to expand and upgrade operations and build a new team member well-being area.
The project will begin this fall and involves construction of a 143,000 square foot addition to the existing beef complex to house upgraded team member well-being areas including locker rooms, cafeteria and office space. The project will also expand and enhance the facility’s existing operations floor...
Eat Just Announces $25 Million Investment from C2 Capital
Eat Just, Inc., a company that applies cutting-edge science and technology on a mission to create healthier, more sustainable foods, today announced a $25 million investment and strategic partnership with private equity firm C2 Capital Partners (C2). C2 was established in 2018 to provide growth capital and operational support for companies to scale in China. The firm’s anchor investor is Alibaba Group.
This is C2’s first investment and partnership in the alternative protein sector and the relationship is currently supporting Eat Just’s go-to-market strategies, sales...
Cargill Grants $10 Million to World Food Program USA to Combat the World’s Growing Hunger Crisis
Cargill has made a $10 million grant to World Food Program USA in support of the United Nations World Food Programme’s response to the global hunger crisis, escalated by the collateral impact of the Ukrainian war. This generous grant, the largest donation ever made by Cargill to World Food Program USA, comes at a moment of unprecedented need as 345 million people face severe hunger and 50 million teeter on the brink of famine around the world. The grant will support the...
Robert Downey Jr.'s FootPrint Coalition Ventures Joins Motif FoodWorks
Motif FoodWorks, the Boston-based food technology company making plant-based food better tasting and more nutritious, today announced an investment by Robert Downey Jr.'s FootPrint Coalition Ventures. Along with the investment, the companies will partner on the development of new-to-the-world plant-based food forms.
Separately, Motif also unveiled an expanded product portfolio—in addition to its food technologies—for foodservice providers, distributors, and retailers with private labels. The new products include finished alternative beef, pork and chicken formats that feature its breakthrough food-technologies...
NCBA President Urges Congress to Adopt Broadly Supported Cattle Market Policies
Today, National Cattlemen’s Beef Association (NCBA) President Don Schiefelbein, a Minnesota cattle producer, testified before the House Agriculture Committee in a hearing on issues in the cattle markets. Schiefelbein urged House members to support key policies with broad, unified support across the entire cattle industry including a cattle contract library, Livestock Mandatory Reporting (LMR) reauthorization, and investments in small regional processing capacity expansion.
“The only people who know exactly how cattle producers should navigate these uncertain times are the individuals who work..."
Freddy's Frozen Custard & Steakburgers Announce Multi-Unit Agreement Signings for 64 New Restaurants
Growing Demand in Chicago Sparks Deal with Veteran Franchise Group to Bring 13 New Restaurants to Area
Leading fast-casual restaurant concept Freddy's Frozen Custard & Steakburgers announced today its significant Q1 franchise development success, signing six new multi-unit agreements that will bring a total of 64 new Freddy's locations to new and existing markets, including North Carolina, South Carolina, Texas, Louisiana, Illinois and California. Most notably, existing Freddy's franchisees of more than a decade, M&M Custard, inked an agreement to expand the brand's growing footprint...
Amazon Creates $1 Billion Fund for Supply Chain Innovation
Amazon will invest $1 billion into supply chain technology.
Amazon is launching a $1 billion venture investment program for logistics and fulfillment technology.
The e-tail giant’s new funding initiative, called the Amazon Industrial Innovation Fund (AIIF), is meant to advance and support innovation in customer fulfillment, logistics, and the supply chain. According to Amazon, increasing customer demand for online shopping and fast delivery led it to create the fund.
Amazon says the new fund will invest in companies that develop and provide solutions that “incrementally increase delivery...
Chipotle Launches $50 Million Venture Fund to Foster Innovation
Chipotle is launching a $50 million venture fund.
Chipotle Mexican Grill is hoping to revolutionize the restaurant industry.
The quick-service restaurant chain announced the launch of Cultivate Next, a venture fund that will support seed-to-Series B stage companies that focus on increasing technology and innovation in restaurant operations and align with its mission to “Cultivate a Better World.” The fund will have an initial size of $50 million and will be financed solely by Chipotle.
The fund launch comes as the company is continuing its...
Cal-Maine Foods, Inc. Announces $82.0 Million for Capital Projects to Expand Cage-Free Production
Cal-Maine Foods, Inc. today announced that its Board of Directors has approved new capital projects to further expand the Company’s cage-free egg production capabilities. The Company plans to fund the proposed projects for an estimated total of $82 million through a combination of available cash on hand, investments and operating cash flow.
The proposed projects will include the following Cal-Maine Foods’ locations:
- Delta, Utah - four new cage-free layer houses and two pullet house conversions with capacity for approximately 810,000...
Tyson Foods Invests in Bowling Green, Kentucky with State-of-the-Art Facility
Tyson Foods leadership, Kentucky Governor Andy Beshear, and city officials from Bowling Green broke ground today on the site of Tyson’s new $355 million bacon production facility. Once operational in late 2023, the 400,000 square foot facility will employ 450 people and help meet growing demand for the company’s iconic Wright® and Jimmy Dean® brands.
“Tyson Foods announced this tremendous investment in Warren County just over three months ago, and I am thrilled to join the company’s leaders for today’s..."
Deliverect Raises $150 Million in Series D Funding, as it Reaches 100 Million Orders Processed
Deliverect, a global scale-up that simplifies online ordering for more than 20,000 locations across 40 markets, today announced it secured more than $150 million (€130 million) in Series D funding. The funding, which is led by Coatue and Alkeon Capital as well as existing investors OMERS Ventures, DST Global, Redpoint Ventures, Newion and Smartfin, brings Deliverect to $240 million raised to date. This round marks the company's valuation at over $1.4 billion.
With this latest round of funding, Deliverect...
SHIC Receives Pork Checkoff Funding for Program Extension to 2027
The National Pork Board of directors has approved an additional $15 million investment of Pork Checkoff funds in the Swine Health Information Center (SHIC) extending funding through 2027.
Launched with Checkoff funds in 2015, SHIC works to protect and enhance the health of the U.S. swine herd. This is done through coordinated global disease monitoring, targeted research investments that minimize the impact of future disease threats and analysis of swine health data.
The investment brings direct value back to producers through SHIC’s animal health research priorities...
Green Circle Foodtech Ventures Announces the Launch of Fund I with Participation from Hormel Foods
Green Circle Capital Partners is pleased to announce the launch of their venture capital division, having conducted a first closing for Green Circle Foodtech Ventures I (GCFV) with the anchor investment coming from 199 Ventures, the venturing company of Hormel Foods.
“Having a leading global branded food company in our corner, providing support and resources for portfolio companies, is incredibly exciting and opportune for us and for the companies in which we will invest,” said Stu Strumwasser, founder of Green Circle and Co-Managing...
HelloFresh to Double Investments in 2022 as Stock Dives
German meal-kit operator HelloFresh plans to double its investments in production capacity, infrastructure and product development to about 450 - 550 million euros ($508.73 million to $621.78 million) in the coming year.
Speaking at HelloFresh’s Capital Markets Day on Wednesday, CEO Dominik Richter said the company was responding to changes in consumer behaviour as more people work from home due to the pandemic.
To further grow its customer base, HelloFresh said it would be expanding...
Pilgrim’s Supports Mayfield Recovery with $1 Million Investment
Pilgrim’s, leading global food company and the largest employer in Graves County, Ky., today announced a $1 million investment to assist with community recovery needs and support long-term rebuilding efforts resulting from the recent tornado that impacted the area.
“We are humbled to contribute to the relief efforts in our hometown of Mayfield,” said Kent Massey, Pilgrim’s Mayfield complex manager. “The community has always supported us, and we are focused on helping with the efforts to rebuild during this critical time.”
Pilgrim’s will determine how funds will be...
Protein Markets Contend with More Than Just "Seasonal" Issues Heading Into Q4
ANALYSIS: Shell Egg Prices Crack New Record Highs Amid Strong Demand, Depleted Inventories
This Week in Retail: Seasonal Trends Start to Shift
Urner Barry Releases September Soy & Wheat Report
Urner Barry Releases September Pulse Protein Report